Donations

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Construct, Inc.'s Pine Woods project under construction in Stockbridge
Construct, Inc.'s Pine Woods project under construction in Stockbridge

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Take Advantage of Massachusetts State Tax Credits and Support your Community
Take Advantage of Massachusetts State Tax Credits and Support your Community

Receive Outstanding Tax Benefits with a cash donation to CDCSB: Leverage your donation for up to three times your out-of-pocket expense!

The Community Development Corporation of South Berkshire, a certified CDC with the Massachusetts Department of Housing and Community Development, was awarded $125,000 in tax credits in 2015 and an additional $50,000 in 2016 through the Massachusetts Community Investment Tax Credit program.

When individuals, businesses or nonprofits make a donation of $1,000 or more to the CDC, they receive 50% of that donation back in the form of a tax credit on their Massachusetts tax return. Those without a tax liability in Massachusetts receive the credit in the form of a refund. The entire donation is eligible for the Federal Charitable Tax Deduction on federal tax returns, making the final out-of-pocket expense for your donation roughly 1/3 of the donation amount!

There is an enormous need in the southern Berkshires for housing that is affordable for our local employees and for new jobs for our younger generation. Take advantage of these outstanding tax benefits with a donation to CDCSB to support our work in affordable housing and job creation and make a difference in the lives of fellow community members.

The deadline for donations that can be used with 2016 tax credits is December 31, 2016. For further information, contact info [at] cdcsb [dot] org, call 413-528- 7788. For more details visit www.macdc.org/citc-donors.

Donating with the Community Investment Tax Credit

Land donations

Identifying appropriate land is paramount to developing smart affordable housing in the southern Berkshires. The CDCSB has worked closely with towns and open space organizations to locate available and appropriate sites for housing. Two great success stories are:

  • the Stockbridge Land Trust identified and secured the Pinewoods site for 30 housing units
  • the Town of Great Barrington identified and donated the Hillside Avenue housing site for ten units

Similar to land trusts, donations of real estate to the CDC for affordable housing development are tax deductible. Please contact us with your ideas or for more information.

Planned Gifts

For information about making a bequest or a planned gift to the CDC of South Berkshire, please call the Director of Development at 413-528-7788 for further information or a personal meeting.

All donations to the CDCSB are fully tax deductible.

Gifts in kind are also gratefully accepted.